Bigventure,
Could you justify a $5000 service change for me. Let's say a 200 amp overhead service in cable. The average overhead will have about 30' of of 4/0 Al. Now I know what it costs in material, and I know how long it takes, so could you please explain how you think it is reasonable to charge $5000 for the amount of work that this upgrade entails. Why don't you break out the costs of material including panel, breakers, SE cable, hours of labor, $ per hour of labor. I think you will find that $5000 is i little too much.
Other areas of the country have different requirements from the POCO. Some require meter/main which require more material plus more time in termination. That is not required here. We don't even terminate (or change for that matter) the meter socket. That is done by the POCO.
By the way, do you get $4800 for each 200 amp service you do?